Written by Jennifer V. Hughes on April 16, 2013
At 1150 Park Avenue, an 89-unit Manhattan co-op, the board decided to convert to a dual-fuel system that could run on No. 2 oil or natural gas, says Daniel Storr, the board treasurer. Storr reports that his building and others in the neighborhood had a deal with Con Edison to service the area as long as they made necessary internal changes to accommodate gas service.
Written by Bill Morris on August 06, 2013
Promoting staff based on how popular someone is with the residents, rather than on strictly professional criteria and experience, is an invitation to problems — and there could be no greater example than the experience of one co-op board in Freeport, Long Island, when a staffer's popularity allowed him to buy two apartments and eventually win election to the five-member board, where he and two cronies gained control of the building.
July 22, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, union workers say they're getting a Bronx cheer, Christine Quinn gets a nod in Queens, and a City Council candidate gets endorsed by a board in Brooklyn. Plus, a condominium board near the U.N. sues a law firm, and if you've ever wondered if you can legally photograph or shoot video of fellow residents breaking rules, find out now.
Written by Jennifer V. Hughes on July 11, 2013
Devicka Doobay figured she had a great shot at a $170,000 Queens co-op when she applied in 2010. Her credit score was well over 700, her income more than $66,000 and her only debt a car loan for $15,000. However, when she got turned down without even an admissions interview, she had the nagging feeling it might have had something to do with her name. "Everything was good, I had all the documents, and they wouldn't even give me a meeting," she says.
July 09, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a wonderful new affordable co-op in The Bronx (at left) finds loud, trashy neighbors drinking on the street and throwing dangerous objects from several stories above — and the police don't care. Bet they would if this were 15 Central Park West, another co-op in the news. Plus, why is a Queens condo paying to keep up land the Department of Transportation is supposed to maintain? And for boards, we've the latest on the Dakota's discrimination lawsuit and on two East Village co-ops' no-restaurant policy.
July 23, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a Central Park West co-op is fired up to evict a smoker, a Queens condo sets an asking-price record, and those maligned old white-brick apartment houses go high-end. Speaking of big houses, Peter Madoff's co-op is up for sale before he gets locked up in the big house. And for co-op and condo boards, we've bad news on the tax abatement bill, and the Dakota discrimination case has some bad fallout for boards. Plus: A lawyer tells us the seven biggest surprises for rookie board members.
March 04, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, it's all about balance: When co-op maintenance or condo common charges are too high, the middle class leaves. Too low, and you may not be able buy a boiler. We've another analysis of the new tax-abatement law, eco-friendly floors in Brooklyn, superstorm Sandy debris in Staten Island, and a newly landmarked co-op in Queens. And for boards there's got The Dakota lawsuit — as told by Vanity Fair! Welcome to the big time!
July 08, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, following the Independence Day holiday, we look at neighborhoods on the rise in Brooklyn, Queens and Manhattan. Plus, an expert tells you about refinancing your co-op — and, for boards, another explains all about financing your super's apartment. And two TV / film notables sell their places: the late Celeste Holm's Central Park West abode gets bought, and The Simpsons' Hank Azaria, the voice of Apu, Moe, Chief Wiggum, Comic Book Guy and more puts his Soho condo — Cindy Sherman's old place! — up for sale.
November 19, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, there's no bigger news for boards than of the legislative mess in Albany that will send co-op and condo property taxes sky-high unless Gov. Cuomo and company take action. On the Upper East Side, a co-op board sues a sponsor that won't let go even after 24 years, a doorman charges a management company with allowing racist rants, there's power from the sun in Sunset Park and much more.
Written by Frank Lovece on June 14, 2013
Mayor Michael Bloomberg and City Council Speaker Christine Quinn yesterday announced a report recommending broad changes affecting co-ops, condos and all other New York City buildings that face the expected floods, destructive wind, blackouts and other extreme-weather results of climate change.
Among the proposals, which the mayor and speaker said they would pursue immediately, are Building Code upgrades, zoning changes and having buildings prepare emergency plans that include backup power and water. Earlier this week, the mayor additionally proposed a City registry of the most vulnerable citizens to better coordinate assistance and rescue.
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